Hollysys Automation Technologies, Ltd. (HOLI) Posts Earnings Results, Beats Expectations By $0.04 EPS
Hollysys Automation Technologies, Ltd. (NASDAQ:HOLI) released its quarterly earnings results on Monday. The industrial products company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.04, Briefing.com reports. The company had revenue of $115.50 million during the quarter. Hollysys Automation Technologies had a net margin of 15.96% and a return on equity of 9.87%. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.37 earnings per share.
Shares of Hollysys Automation Technologies (NASDAQ HOLI) opened at $23.47 on Tuesday. Hollysys Automation Technologies has a 52-week low of $15.08 and a 52-week high of $23.71. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.86 and a quick ratio of 2.71. The stock has a market cap of $1,403.56, a PE ratio of 20.58 and a beta of 1.54.
The company also recently disclosed an annual dividend, which was paid on Monday, November 6th. Shareholders of record on Monday, October 16th were given a $0.12 dividend. This represents a yield of 0.56%. The ex-dividend date was Friday, October 13th. Hollysys Automation Technologies’s payout ratio is 10.43%.
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A number of research analysts recently issued reports on HOLI shares. Deutsche Bank AG reissued a “buy” rating and issued a $25.00 price objective (up from $23.00) on shares of Hollysys Automation Technologies in a research note on Monday, October 2nd. Zacks Investment Research cut shares of Hollysys Automation Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. BidaskClub raised shares of Hollysys Automation Technologies from a “strong sell” rating to a “sell” rating in a research note on Monday, July 24th. J P Morgan Chase & Co raised shares of Hollysys Automation Technologies from a “neutral” rating to an “overweight” rating and set a $22.60 target price on the stock in a research note on Tuesday, August 15th. Finally, Instinet reaffirmed a “reduce” rating and set a $12.31 target price on shares of Hollysys Automation Technologies in a research note on Tuesday, August 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. Hollysys Automation Technologies has a consensus rating of “Hold” and a consensus target price of $19.65.
A hedge fund recently raised its stake in Hollysys Automation Technologies stock. State Street Corp grew its stake in shares of Hollysys Automation Technologies, Ltd. (NASDAQ:HOLI) by 17.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 41,750 shares of the industrial products company’s stock after acquiring an additional 6,142 shares during the period. State Street Corp owned about 0.07% of Hollysys Automation Technologies worth $693,000 at the end of the most recent reporting period. 67.74% of the stock is currently owned by institutional investors and hedge funds.
Hollysys Automation Technologies Company Profile
Hollysys Automation Technologies Ltd. is a provider of automation and control technologies, and products. The Company’s segments include Industrial Automation (IA), Rail Transportation (rail), Mechanical and Electrical (M&E), and Miscellaneous. Its technologies are applied through its industrial automation solution suite, including the Distributed Control Systems, Programmable Logic Controller, Real-time Management Information System, HolliAS Asset Management System, Operator Training System, Batch Application Package, Advanced Process Control Package (HolliAS APC Suite), Safety Instrumentation System (SIS), railway signaling system of Train Control Center, Automatic Train Protection, Subway Supervisory and Control platform, nuclear power non-safety automation and control system HolliAs-NMS DCS and other products.
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